REG - Intertek Group Plc - Acquisition

IntertekAnnouncement

03/04/2023 07:00

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RNS Number : 0271V  Intertek Group PLC  03 April 2023

INTERTEK ENHANCES PRESENCE IN ATTRACTIVE ENVIRONMENTAL TESTING MARKET WITH
ACQUISITION OF LEADING TESTING COMPANY IN BRAZIL

 

3rd April 2023

 

·    The demand for comprehensive environmental testing and Assurance
services is expected to grow in Brazil as regulation drives increased
investment into critical sanitation and clean water infrastructure

 

·   Acquisition complements and adds scale to Intertek's existing agri-food
& beverage testing capabilities, expanding its leading Assurance, Testing,
Inspection and Certification (ATIC) offering in-country

 

·   Compelling opportunity to enter the environmental testing market in
Brazil - a sizeable and attractive growth market

 

Watch the video: https://www.intertek.com/investors/controle-analitico-video/
(https://www.intertek.com/investors/controle-analitico-video/)

 

Intertek Group plc ("Intertek" and "Group"), a Total Quality Assurance
provider to a range of industries worldwide, is pleased to announce that it
has agreed to acquire Controle Analítico Análises Técnicas Ltda ("Controle
Analítico"), a leading provider of environmental analysis, with a focus on
water testing, based in Brazil.

 

With heightened societal awareness around environmental health and
sustainability, and population growth placing greater demand on critical
infrastructure, broadening access to sanitation and clean water services has
become increasingly important for stakeholders around the world. In Brazil,
legislation aimed at providing at least 99% of the population with safe
drinking water and 90% of all in-country households with sanitation services
by the year 2033 is expected to require approximately US$128 billion of
investment this decade.

 

The acquisition of Controle Analítico represents an attractive and
complementary opportunity for Intertek to expand its leading Food and Agri
Total Quality Assurance (TQA) solutions in Brazil by expanding our presence
and service offering in the Environmental testing market.

 

Founded in 2002, Controle Analítico operates from a lab in São Paulo, where
it provides high-quality testing services to over 1,500 customers annually in
Brazil across a diversified range of industries. The business is highly
accredited and specialises in environmental analysis across water, effluents,
waste and soil & sediments.

 

Controle Analítico today has more than 150 employees and generated revenues
of £5.5m in 2022.

 

André Lacroix, Chief Executive Officer of Intertek, said: "Sustainability is
the movement of our time and all stakeholders are more aware than ever of the
importance of personal health, safety and the environment around us, which
starts with ensuring access to safe drinking water and sanitation services.
The acquisition of Controle Analítico is a compelling strategic fit for
Intertek and is highly complementary to our existing footprint and service
offering in Brazil. Moreover, it aligns with our core purpose of bringing
quality, safety and sustainability to life. We welcome the Controle Analítico
team to Intertek and looking forward to working together to seize the ATIC
growth opportunities ahead in this attractive market."

 

∼ENDS∼

 

For further information please contact:

 

Denis Moreau, Investor Relations

Telephone: +44 (0) 20 7396 3415
investor@intertek.com (mailto:investor@intertek.com)

 

Jonathon Brill/James Styles, Dentons Global Advisors

Telephone: +44 (0)7510 385 554
intertek@dentonsglobaladvisors.com (mailto:intertek@dentonsglobaladvisors.com)

 

 

 Intertek is a leading Total Quality Assurance provider to industries
 worldwide.

 Our network of more than 1,000 laboratories and offices in more than 100
 countries, delivers innovative and bespoke Assurance, Testing, Inspection and
 Certification solutions for our customers' operations and supply chains.

 Intertek Total Quality Assurance expertise, delivered consistently, with
 precision, pace and passion, enabling our customers to power ahead safely.

 intertek.com

 

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